Should I Buy A New Home Or An Old Home? Pros and cons of older vs newer homes

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  • เผยแพร่เมื่อ 21 ต.ค. 2024
  • I discuss the pros and cons of buying a new home vs buying a resale home, there are good and bad to both, it really depends on your wants and needs for you or your family for the next few years.
    Another question I get asked A LOT is "When is the BEST time to buy a house?" The best time to buy a house is when YOU the buyer are ready! Everyone's situation and time frame can be different! The BEST thing anyone can do is to begin planning for it. I sit with so many families that call me wanting to buy a house at the last minute, only to find out that their finances aren't where they have to be! Today is the BEST day you can start working on your credit score, you can begin to pay down debt, and you begin getting your finances in order. Yes! The market changes, prices change, and interest rates are continuously changing. But that will ALWAYS be the case. If you get ready today, you'll be able to take opportunities that come tomorrow.
    THE BEST TIME TO BUY A HOUSE IS WHEN YOU ARE READY!
    Are you ready to BUY or SELL in the Edmonton, Alberta area?! Contact ME! 780-915-2056
    Find your new home at www.EdmontonAlbertaHome.ca
    Want to know what your home is worth: bit.ly/2ybCVlo
    New helpful videos every WEEK - Subscribe here: bit.ly/2Gqq2bW
    I am a full time Realtor® in Edmonton, Alberta CANADA with RE/MAX Select and have been selling homes to nice people since 2002. I'm a proud father of 2 very busy boys, and 3 rescue dogs (Isaac, Benny and Milo).
    F O L L O W M E H E R E !
    F A C E B O O K ➳ / patrickfieldsrealestate
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    I am so grateful for all you subscribers for watching my videos!
    If you want to talk to me about Edmonton Real Estate feel free to email me at pfields@outlook.com or call 780-915-2056.
    www.EdmontonRea...
    If you are looking for my office info:
    RE/MAX Select
    102, 12650 - 151 Avenue
    Edmonton, AB T5X 0A1
    Patrick Fields - Consultant/Realtor/Associate/Good Guy
    Direct: 780-915-2056

ความคิดเห็น • 48

  • @usu336
    @usu336 4 ปีที่แล้ว +2

    I subscribed already. I think you are the only one who is telling the truth and knowledgeable in Edmonton. I should have known you before I bought a resale home in Edmonton. I will definitely recommend you to my friends who are considering buying a home. Thank you so much and keep up the good work! I really enjoy watching your videos.
    Stay healthy!

    • @PatrickFieldsRE
      @PatrickFieldsRE  4 ปีที่แล้ว +1

      I truly appreciate the kind words!! 🙏 I promise to take great care of any of your friends that want to buy a home!! I can answer any house questions or refer good contractors if you ever need as well. Thank-you and stay healthy and well too!! 😀

  • @isatousecka9747
    @isatousecka9747 ปีที่แล้ว

    It will be nice to have you as my realtor....I'm definitely looking to buy a home in 2023...

    • @PatrickFieldsRE
      @PatrickFieldsRE  ปีที่แล้ว

      I would love to help you but a home when you are ready! Just give me a call and we can discuss more details! 😃

  • @jon6309
    @jon6309 ปีที่แล้ว

    Hmm it’s interesting that the building value has potential to appreciate separately from the land. My father built our home in 1995 and historical permits show it cost him around $300,000 to build the house at the time. Current assessments place an estimated value of the building alone at around $500,000-$600,000 not including the land underneath it. I read somewhere it is actually more expensive to buy land and try to build a new house over it but you have the freedom to customize the home.

  • @ireen9955
    @ireen9955 4 ปีที่แล้ว +1

    Thanks for sharing your knowledge with public. I m going to view a brand-new house today and I am feeling much confident after watching and listening you.

    • @PatrickFieldsRE
      @PatrickFieldsRE  4 ปีที่แล้ว +1

      Hope your viewing went well! Call me if I can answer any questions! 😃 780-915-2056

  • @MaryAnglin
    @MaryAnglin 4 ปีที่แล้ว +1

    Great comparison. I almost never get that question because we have so little new construction. I love your info on this topic - very educational!

    • @PatrickFieldsRE
      @PatrickFieldsRE  4 ปีที่แล้ว

      Thank-you Mary! We have so much new construction here - buyers have LOTS to choose from!

  • @schmidtandcompany
    @schmidtandcompany 4 ปีที่แล้ว +1

    Nice survey of both options Patrick. Both winners depending on your lifestyle!

    • @PatrickFieldsRE
      @PatrickFieldsRE  4 ปีที่แล้ว

      Thank-you I agree, it totally depends on a persons lifestyle!

  • @dijoetallift248
    @dijoetallift248 2 ปีที่แล้ว

    Great content! Subscribed!

    • @PatrickFieldsRE
      @PatrickFieldsRE  2 ปีที่แล้ว

      Thank-you!! Let me know if I can answer any questions!

  • @meronandemichael420
    @meronandemichael420 4 ปีที่แล้ว +1

    Good information. Keep going the good job.

    • @PatrickFieldsRE
      @PatrickFieldsRE  4 ปีที่แล้ว

      Thank-you very much, I appreciate the nice comment!! Hope you are well.

  • @NoraLovesBendHomes
    @NoraLovesBendHomes 4 ปีที่แล้ว

    Great info...there are pros and cons to both!

    • @PatrickFieldsRE
      @PatrickFieldsRE  4 ปีที่แล้ว

      Absolutely! Depends on what people need going forward! Thanks for watching!

  • @LisaSabala
    @LisaSabala 4 ปีที่แล้ว +1

    Great comparison between older and newer homes, Patrick! Thanks!

    • @PatrickFieldsRE
      @PatrickFieldsRE  4 ปีที่แล้ว

      Thank-you Lisa! Glad you liked it, let me know if I can answer any questions! 😀

    • @alecanson9957
      @alecanson9957 3 ปีที่แล้ว

      I know Im asking the wrong place but does someone know a tool to get back into an Instagram account..?
      I was dumb forgot the password. I would appreciate any help you can give me!

    • @aaravzaid5566
      @aaravzaid5566 3 ปีที่แล้ว

      @Alec Anson instablaster :)

    • @alecanson9957
      @alecanson9957 3 ปีที่แล้ว

      @Aarav Zaid I really appreciate your reply. I got to the site thru google and Im in the hacking process now.
      I see it takes a while so I will reply here later when my account password hopefully is recovered.

    • @alecanson9957
      @alecanson9957 3 ปีที่แล้ว

      @Aarav Zaid It worked and I actually got access to my account again. I am so happy:D
      Thanks so much, you really help me out :D

  • @CyndeeHaydonFL
    @CyndeeHaydonFL 4 ปีที่แล้ว

    Nice comparison of resale and new homes

    • @PatrickFieldsRE
      @PatrickFieldsRE  4 ปีที่แล้ว

      Thank-you very much, there can be some big differences! Everyone has different wants and needs when it comes to owning a home!

  • @sharilandon_homes
    @sharilandon_homes 4 ปีที่แล้ว

    Well done! Very thorough explanation.

    • @PatrickFieldsRE
      @PatrickFieldsRE  4 ปีที่แล้ว

      Thank-you so very much, I greatly appreciate the kind words!

  • @EastsideHomesbyAdeJuwono
    @EastsideHomesbyAdeJuwono 4 ปีที่แล้ว

    Great video, there's a lot to think about when buying new vs old. Ask Patrick for second opinion it will help.

    • @PatrickFieldsRE
      @PatrickFieldsRE  4 ปีที่แล้ว

      I agree, there are many, many things to consider when buying a home! Thanks for the compliment! :-)

  • @John_Cannon
    @John_Cannon 4 ปีที่แล้ว

    Great video. Very informative.

    • @PatrickFieldsRE
      @PatrickFieldsRE  4 ปีที่แล้ว

      Thanks John, I appreciate the feedback! Stay well!

  • @arianawithamreen4675
    @arianawithamreen4675 4 ปีที่แล้ว

    Great video 👌👌👌 you are a nice person 😊👍☺️

    • @PatrickFieldsRE
      @PatrickFieldsRE  4 ปีที่แล้ว

      Thank-you so much for the kind compliment!! I hope you enjoyed the video! Let me know if I can ever answer any questions for you.

  • @AlexBeltran
    @AlexBeltran 4 ปีที่แล้ว

    great point!

    • @PatrickFieldsRE
      @PatrickFieldsRE  4 ปีที่แล้ว

      Thank-you Alex, there is so much to know about what can work best for a person or family going forward!

  • @sidvicious6008
    @sidvicious6008 3 ปีที่แล้ว +2

    love historical houses better

    • @PatrickFieldsRE
      @PatrickFieldsRE  3 ปีที่แล้ว

      I love the character of historical houses too, but the upkeep and maintenance can be a lot to deal with... Thanks for watching!

  • @karthikpppp
    @karthikpppp 3 ปีที่แล้ว

    Good video

    • @PatrickFieldsRE
      @PatrickFieldsRE  3 ปีที่แล้ว

      Thank-you very much!! 🙏😀 Let me know if I can answer any real estate questions!

  • @khimmalla2143
    @khimmalla2143 3 ปีที่แล้ว

    Hi sir I have question just 1 month before I had make purchase agreement with active home in Laurel I chose the lot and start doing mortgage pre approval with the person given by the same builder sales person I just follow up time to time but communication from them is weak and aril 23 they ask me to deposited 5% I make draft and went to give draft to the office they denied the draft and told me it’s expired by 16 th April I was not informed there is expiration now they blame that because for delay on Mortgage. They will sell that house if I pay more 15 thousand the deal we made previously Now builder is not selling this property to me and returning my deposit. Could you help me what is the step I can take against such type of situation. Thanks

    • @PatrickFieldsRE
      @PatrickFieldsRE  3 ปีที่แล้ว

      There is nothing I can do to help you now, you should have had a Realtor helping you with the purchase, ensuring the contract was proper and to protect you and to keep an eye on your condition dates!

  • @livicky1224
    @livicky1224 3 ปีที่แล้ว +1

    I really expect you are an English teacher,you are the person who speak t English the most clearly I have ever seen.

    • @PatrickFieldsRE
      @PatrickFieldsRE  3 ปีที่แล้ว

      Well thank-you! That is very kind of you to say! 😀